Coming just days after announcing that it will be acquiring Vanguard's Individual 401(k), Multiple Participant SEP (Multi-SEP), and SIMPLE IRA plans business, Ascensus announced that Mary Torgerson will join the company as its new head of Small Business Retirement.
As a 20-year leader in financial services, Torgerson, who begins on April 29, will report to Ascensus President Nick Good and join the Ascensus Retirement line of business leadership team. The Small Business Retirement segment serves sponsors and employers seeking savings solutions for businesses with smaller employee populations and supports Ascensus' existing CoPilot business, Individual 401(k), Multi-SEP, SIMPLE IRA, and similar plans.
“Mary Torgerson is a proven leader with a strong track record driving revenue growth, product, and business development,” Good said in a statement. “She has an enviable track record of success and deep understanding of small business clients' needs. Mary is a tremendous addition to the business and to our leadership team.”
Good added, “Mary arrives at a very opportune time, given news of our exciting acquisition of the Vanguard business serving Individual 401(k), Multi-SEP, and SIMPLE IRA plans. Like our own CoPilot bundled retirement solutions, these plans are at the heart of the small business retirement segment, and the acquisition dramatically enhances both our market share and momentum in this vital space.”
Torgerson brings more than two decades of experience in financial services to her new role, including 16 years with Ubiquity Retirement + Savings, the San Francisco-based provider of 401(k) solutions for small businesses. She held leadership roles spanning Ubiquity's product, business development, and operations teams, most recently as Chief Revenue Officer.
Beginning her professional career in business development, Torgerson led national software business development for Execupay, which provides payroll and HR solutions for small to medium-sized businesses.
Torgerson earned her bachelor's degree in marketing and business administration from Lakeland College in Sheboygan, Wisconsin.
